Soros says a cut could come

  • A rate cut won't be much stimulus and there are diminishing returns with QE
  • He bought US government bonds
  • "You could have a bounce here (in stocks) but this is not a good entry point"
  • Says he's short the S&P 500

Soros is in Davos and dropping bombs. It's not a big surprise that he's short stocks, he's been talking doomsday on Europe for awhile.